Hubilu Venture Corp. Completes Asset Acquisition/Disposition
Ticker: HBUV · Form: 8-K · Filed: Jul 9, 2024 · CIK: 1639068
Sentiment: neutral
Topics: acquisition, disposition, material-agreement
TL;DR
Hubilu Venture Corp. just closed a deal on assets. Big moves happening.
AI Summary
On July 8, 2024, Hubilu Venture Corp. entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. The company, incorporated in Delaware, is involved in real estate operations.
Why It Matters
This filing indicates a significant corporate action for Hubilu Venture Corp., likely involving a change in its asset base or business structure.
Risk Assessment
Risk Level: medium — The filing pertains to a material definitive agreement and completion of an acquisition/disposition, which can introduce significant financial and operational risks.
Key Players & Entities
- Hubilu Venture Corp. (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- July 8, 2024 (date) — Date of earliest event reported
FAQ
What specific assets were acquired or disposed of by Hubilu Venture Corp.?
The filing does not specify the exact assets involved in the acquisition or disposition.
What was the financial value of the transaction for Hubilu Venture Corp.?
The filing does not disclose the dollar amount of the transaction.
Who were the other parties involved in the material definitive agreement?
The filing does not name the other parties to the agreement.
What is the nature of the 'real estate operators' business for Hubilu Venture Corp.?
The filing categorizes Hubilu Venture Corp. under 'REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]' but provides no further detail on its operations.
When was the material definitive agreement entered into?
The agreement was entered into on July 8, 2024, as reported in the filing.
Filing Stats: 1,177 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2024-07-09 06:07:25
Key Financial Figures
- $32,940.00 — ousand, Nine Hundred and Forty Dollars ($32,940.00) into Gula for a Four (4%) percent Non-
- $0.50 — ssued Hubilu 4,000,000 Common Shares at $0.50 cents par per share. Gaya Ventures Inc
- $1.00 — Inc issued Hubilu 4 Preferred Shares at $1.00 par per share. Gula Heath Inc issued Hu
- $1.50 — issued Hubilu 400,000 Common Shares at $1.50 cents par per share. Hubilu will not re
- $32,940 — he next five-month period as follows: $32,940 invested August 1, 2024 = 4% NDOI $24
- $24,705 — 940 invested August 1, 2024 = 4% NDOI $24,705 invested September 1, 2024 = 3% NDOI
- $12,352.50 — 05 invested October 1, 2024 = 3% NDOI $12,352.50 invested November 1, 2024 = 1.5% NDOI
- $140,000 — Party. In event Hubilu invests total of $140,000 in Gula by December 1, 2024 as per (a),
Filing Documents
- form8-k.htm (8-K) — 53KB
- ex10-1.htm (EX-10.1) — 4KB
- ex10-1_001.jpg (GRAPHIC) — 308KB
- ex10-1_002.jpg (GRAPHIC) — 318KB
- ex10-1_003.jpg (GRAPHIC) — 173KB
- ex10-1_004.jpg (GRAPHIC) — 52KB
- 0001493152-24-026558.txt ( ) — 1398KB
- hbuv-20240708.xsd (EX-101.SCH) — 3KB
- hbuv-20240708_lab.xml (EX-101.LAB) — 33KB
- hbuv-20240708_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 9, 2024 HUBILU VENTURE CORPORATION By: /s/ David Behrend Name: David Behrend Title: Chief Executive Officer 4 EXHIBIT INDEX Exhibit Number Description 10.1 Short Form and Equity Stakes Agreement and Exhibits among Hubilu Venture Corporation and Gula World, a Wyoming Corporation, Gula Health Inc, a Wyoming Corporation, and Gaya Ventures Inc, a Florida Corporation. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 5